India, Aug. 26 -- The price of crude oil moved sharply lower during trading on Tuesday, more than offsetting the significant increase seen in the previous session.
After jumping $1.14 or 1.8 percent to $64.80 a barrel during Monday's session, crude for October delivery tumbled $1.55 or 2.4 percent to $63.25 a barrel.
The pullback by crude oil partly reflected concerns about the impact of President Donald Trump's trade policies, as he threatened to impose "substantial additional tariffs" on countries that do not remove digital taxes and related regulations that harm U.S. tech companies.
"America, and American Technology Companies, are neither the 'piggy bank' nor the 'doormat' of the World any longer," Trump said on Truth Social. "Show re...